PPU acted for borrower on $100 million mining loan in Peru

Philippi Prietocarrizosa Ferrero DU & Uría advised Ares, the Peruvian mining company, on obtaining a $100 million loan.

Compañía Minera Ares is a subsidiary of the Hochschild Mining plc, the precious metal miner. 

Citibank and Scotiabank provided the $100 million financing.

Partner Rafael Puiggros led the PPU team which advised Ares under Peruvian law.

For New York law, the company instructed a team at Skadden with partner Alejandro Gonzales at the helm.

The lenders instructed Garrigues in Peru, led by partner Thomas Thorndike.

Shearman & Sterling advised the banks under US law; partner Dennis Grant fronted the team.

Ignacio Abella